Enhanced merchant identification using transaction data

US11023889B2 · kind B2 · utility

Assignee

• Visa International Service Association · US

Inventors

• Martin D. Izenson · Foster City, US
• Linda McGee · Newark, US
• Mahesh Joshi · Hillsborough, US
• Tatyana Dubinsky · Foster City, US
• Basudeb Ghosh · Foster City, US
• Sathis Kumar Appukutty · Foster City, US

Key dates

• Filing date: Apr 10, 2019
• Grant date: Jun 1, 2021
• Expiry date: Jun 24, 2039

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/322
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system for identifying and associating merchant attributes data of a merchant with transaction data may be integrated with existing payment processing systems to provide for detailed merchant attributes data (e.g., merchant name, merchant ownership data, and merchant address data). The system may receive and modify merchant attributes data retrieved from an external source (e.g., an acquirer computer or third party to a transaction) and store the merchant attributes data in a database. The merchant attributes data may be retrieved and correlated with transaction data and provided to entities (e.g., issuer computers) involved with the transaction for authorization decisioning, fraud analysis, and data analytics.